Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Weibo (WB) and Workday Inc (WDAY).
Weibo (WB)
In a report issued on May 28, Gregory Zhao from Barclays maintained a Buy rating on Weibo, with a price target of $60. The company’s shares closed yesterday at $42.91, close to its 52-week low of $42.25.
According to TipRanks.com, Zhao is a 1-star analyst with an average return of -4.8% and a 36.5% success rate. Zhao covers the Technology sector, focusing on stocks such as NetEase Inc, Baidu Inc, and Tencent.
Weibo has an analyst consensus of Moderate Buy, with a price target consensus of $66.83, implying a 55.7% upside from current levels. In a report issued on May 24, Benchmark Co. also maintained a Buy rating on the stock with a $51 price target.
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Workday Inc (WDAY)
Barclays analyst Raimo Lenschow maintained a Hold rating on Workday Inc yesterday and set a price target of $203. The company’s shares closed yesterday at $203.23, close to its 52-week high of $217.63.
According to TipRanks.com, Lenschow is a top 25 analyst with an average return of 20.8% and a 75.0% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Cornerstone Ondemand, and Pivotal Software Inc.
Currently, the analyst consensus on Workday Inc is a Moderate Buy with an average price target of $217.82, representing a 7.2% upside. In a report released yesterday, Jefferies also maintained a Hold rating on the stock with a $194 price target.
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